The Real Deal New York

More shacking up at pied-à-terres, with friends

July 23, 2008 04:10PM
By Katherine Dykstra

From the July issue: Tamir Shemesh, a managing director at Prudential Douglas Elliman, recently brokered a deal between a seller at the Milan condominium at 300 East 55th Street and, count ‘em, “10 or 12″ doctors from California. “They need to travel for business or pleasure, and instead of staying in a hotel they are going to purchase something that will appreciate over time,” Shemesh said. In the age of the co-op (read: board-regulated sales), this shared-pied-a-terre-style buying was more or less unheard of.

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